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in farm subsidies and the pentagon budget, plus a minimum 30% tax on million- dollar incomes. republicans are expected to oppose the measure because of the tax increase. house speaker john boehner said the burden is on president obama to break the deadlock. >> the sequester, i don't like it and no one should like it, but the sequester is there because the president insisted that it be there. where is the president's plan to replace the sequester that he insisted upon? >> sreenivasan: white house officials warned that letting the across-the-board cuts take effect would be disastrous. for his part, the president traveled to decatur, georgia, selling his plan to make pre- school available to all four- year-olds. standing before a group of teachers, he joked that what works with pre-schoolers might work with congress. >> maybe we need to bring the teachers up... ( laughter ) you know, every once in a while have some quiet time. time out. ( laughter ) >> sreenivasan: if the sequester takes effect, it will mean $85 billion in spending reductions over the next seven months shared equally between
? >> pentagon is talking about having less aircraft carrier presence. the foreign-policy establishment could see some of its dollars cut. foreign aid is never the favorite thing of the congress. some of those accounts could be pressured. a lot of these cuts ordered by sequestration are essentially dumb. they are acrsooss the board. certain things are exempt. ibo who run these cabinet departments often lack the authority just -- people who run these cabinet departments often lack the authority did say we are going -- authority to say we are going to keep this or that. us toes it hard for represent ourselves as a model that ought to be in related by others -- to be emulated by others. >> what do you hear when you talk to leaders around the world, not just about sequestration -- what are people saying to you? .> all those things america's inability to tackle its deficit and debt. able shake their heads. at the end of the day, -- people shake their heads. because at the end of the day, they are dependent on the united states. the united states controls the reserve currency, the dollar. a lot of thes
people in about april. the defense, the pentagon says this week that it was issuing furlough notices to about 800,000 civilian employees. to prepare to be furloughed. so in the case of the pentagon, you know, that means that destroyers, various aircraft carriers will not deploy to places like the persian gulf and other theatre, and that's a big effect on local economies, in areas like rampton rode, virginia, san diego. and it's an effect affect that will be clearly felt on contractors who rely on navy contracts for shipbuildings. so i think the affects will be gradual. no one can really tell when the agencies will sort of pull the plug. and as i said, the cuts nay not take effect for that long. >> suarez: you said at the outset there is a political dimension to this. of course as we enter the final week there most certainly is what is the they are telling opinion researchers if friday comes and goes without a deal? >> well, i think part of the problem is that many americans don't really understand what sequestration is. it's become this obsession in washington. but many people are on
Search Results 0 to 5 of about 6 (some duplicates have been removed)